Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco

District: 6
Federal Reserve Bank of: Atlanta

Filings received during the week ending November 19, 2005

Filer Filing Type Filing Proposal End of Comment Period
BANK INDEPENDENT * Branch Bank Independent, Sheffield, Alabama, to establish a branch located at 304 East Dr. Hicks Boulevard, Florence, Alabama.
Newspaper: 11/18/2005
Federal Register: Not applicable
COMPASS BANCSHARES, INC. * 3A3 Compass Bancshares, Inc., Birmingham, Alabama, to acquire 100 percent of the outstanding shares of TexasBanc Holding Co., Weatherford, Texas, and indirectly acquire M & F Financial Corp., Wilmington, Delaware, and TexasBank, Fort Worth, Texas.
Newspaper: Not available
Federal Register: 12/16/2005
COMPASS BANK * 18C
* Branch
Compass Bank, Birmingham, Alabama, Compass Bank, Birmingham, Alabama, to merge with TexasBank, Fort Worth, Texas.
Newspaper: 12/08/2005
Federal Register: Not applicable
COMPASS BANK * Branch Compass Bank, Birmingham, Alabama, to establish branches at the following locations: 10633 West Olive Avenue, Peoria, Arizona, to be known as the Peoria - West Olive Branch; 13950 North 75th Avenue, Peoria, Arizona, to be known as the Peoria - North 75th Branch; 11770 University Boulevard, Sugarland, Texas, to be known as the Sugarland - University Branch; and 2650 E. Southlake Boulevard, Southlake, Texas, to be known as the Southlake - East Southlake Branch.
Newspaper: 11/25/2005
Federal Register: Not applicable
CORNERSTONE BANCSHARES, INC. 4c8 Cornerstone Bancshares, Inc., along with its subsidiary, EFI Acquisition, Inc., both of Chattanooga, Tennessee, to acquire substantially all of the assets and assume substantially all of the liabilities of Eagle Financial, LLC, and Eagle Funding, LLC, both of Chattanooga, Tennessee, and thereby engage in providing factoring services to small business and also provide services as a loan broker serving as a facilitator to small businesses to access the national credit markets.
Newspaper: Not applicable
Federal Register: Not available
FLAG FINANCIAL CORPORATION 4c8 Flag Financial Corporation, Atlanta, Georgia, prior notice to acquire Capital Financial Software, LLC, Norcross, Georgia, and thereby engage in data processing in related services.
Newspaper: Not applicable
Federal Register: Not applicable
HAMILTON STATE BANCSHARES, INC. * 3A1 Hamilton State Bancshares, Inc., Braselton, Georgia, notice to become a bank holding company by acquiring 100 percent of the outstanding shares of Hamilton State Bank, Braselton, Georgia.
Newspaper: Not available
Federal Register: Not available
SUNRISE BANK Member Sunrise Bank, Cocoa Beach, Florida, to become a member of the Federal Reserve System.
Newspaper: Not applicable
Federal Register: Not applicable
SUNTRUST BANK * Branch SunTrust Bank, Atlanta, Georgia, to establish branches at the following locations: 2301 Berry Boulevard, Davenport, Florida, to be known as the Berry Town Center Office; and 7450 Cypress Gardens Boulevard, Winter Haven, Florida, to be known as the Winter Haven Wal-Mart Office.
Newspaper: 11/30/2005
Federal Register: Not applicable
TRACORP, INC. * 3A5 TraCorp, Inc., Tullahoma, Tennessee, to merge with F N Bancorp, Inc., and thereby acquire its subsidiary, First National Bank of Tullahoma, both of Tullahoma, Tennessee.
Newspaper: Not available
Federal Register: 12/16/2005


Availability of CRA Public Evaluations

The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was revised in May 1995.

The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is taken into account in considering an institution's application for deposit facilities.

A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.

Federal bank regulators use the following performance levels to rate an institution's performance under CRA:

O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance

The following state member banks have been examined and their CRA public evaluations are now available.
 
Institution / Location
RSSD
ID
 
Exam Date
CRA
Public Date
CRA
Rating
Exam Method
MARCO CMNTY BK, MARCO ISLAND, FLORIDA 3195653 05/09/2005 11/02/2005 S Small Bank


CRA Examinations scheduled for     Quarter of

Institution Location
NONE

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco